HES Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis for HES's price prediction for next week:
Technical Analysis
The stock is currently trading at $143.99, showing mixed technical signals:
- RSI(14) at 56.19 indicates neutral momentum
- MACD at 2.57 suggests a slightly bullish trend
- 20-day SMA at $140.46 acts as immediate support
- Fibonacci levels show key resistance at $150.66 and support at $141.85
News Impact Analysis
- Chevron's pending $53 billion acquisition of Hess is awaiting resolution of a dispute with Exxon Mobil, with arbitration hearing scheduled for May
- The company's Q3 2024 performance exceeded expectations with EPS of $2.14 and revenue of $3.2 billion
- Recent analyst consensus shows a "Moderate Buy" rating, with a mean price target of $161
- CFRA recently downgraded price target to $145, citing heightened regulatory risks
Price Prediction for Next Week Based on technical indicators and news sentiment:
Target Prices:
- Resistance: $150.66 (Fibonacci R1)
- Support: $141.85 (Fibonacci S1)
- Most Likely Range: $143-$147
Trading Recommendation HOLD position with careful monitoring. The stock shows mixed signals with potential upside limited by:
- Ongoing acquisition-related uncertainty
- Neutral technical indicators
- Recent analyst downgrades
Set stop-loss at $141.85 (Fibonacci S1) and take profit at $150.66 (Fibonacci R1).
HES Similar Chart Price Prediction
The price of HES is predicted to go up -2.33%, based on the high correlation periods with CCSI. The similarity of these two price pattern on the periods is 97.91%.
HES
CCSI
Down: -2.33%Similarity: 97.91%
HES Revenue Forecast
HES EPS Forecast
HES FAQs
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HES VS S&P500
The Stabroek block (Guyana), in which Hess has a 30% stake, is a huge resource, with at least 11 billion barrels of oil equivalent recoverable. It will account for 2% of global oil supply by 2030.
Due to the scale of prize and supported by favorable fiscal terms, Guyana supply costs are well below the global margin cost threshold and competitive with the best shale resources.
Hess' activity in Guyana provides geographic diversification and insulates it from domestic issues (like infrastructure constraints or the threat of antifracking regulations).
HES Analyst's Forecast
Scott Gruber
Citigroup
Hold
Price Target
$145 → $163
Upside
+15.17%
Citi raised the firm's price target on Hess Corp. to $163 from $145 and keeps a Neutral rating on the shares. The firm says midstream performance in 2024 suggests that energy is investable again. However, for exploration and production companies, the challenge is that crude markets still appear well-supplied, the analyst tells investors in a research note. Thus, Citi feel it "appears premature" to be bullish crude leverage, but notes the business climate and buybacks "should act as shock absorbers if crude deflates."
Biju Perincheril
Susquehanna
Hold
Price Target
$149 → $154
Upside
+10.46%
Paul Cheng
Scotiabank
Hold
Price Target
$157 → $167
Upside
+19.4%